Today CITIC's mandatory offers for the rest of the capital of KVB Kunlun closed, with the Chinese investment giant now holding approximately 59.04% of the broker's entire issued share capital.
Read moreThree of KVB's directors announced the exercising of all of their share options at a price of HK$0.414 per option.
Read moreAt the special general meeting on July 16, 2015, shareholders will vote on the proposed acquisition of Plus500 by Playtech, with the broker's board recommending the deal, but Odey expected to vote against it.
Read moreThe Japanese retail FX broker has unveiled its new logo earlier today, as it prepares for full integration of services with its new owner – Rakuten Securities.
Read moreShares in KVB lost 11% today, closing at their lowest level since end of March 2015, as investors reacted to CITIC's offer for the rest of the broker's capital.
Read moreThe investment giant did not change its mind and today made an offer of HK$0.65 per ordinary share of the retail FX broker, valuing its entire share capital at HK$1,313,858,000.
Read moreThe largest individual shareholder in Plus500 says Playtech's bid of 400p per share is opportunistic and is exploiting current regulatory issues and risks.
Read moreWill this help Plus500 resolve its issues with the FCA? And help solidify its relationships with affiliates? Or is Playtech inheriting a potentially volatile situation?
Read moreCITIC Securities still has to make an unconditional mandatory cash offer for all of KVB Kunlun's issued share capital.
Read moreIn a move underlining the consolidation wave engulfing the Forex industry, retail Forex giant FXCM is acquiring the bigger part of margin FX accounts of CitiFX Pro.
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